Bulls n Bears Investors Notebook Issue 480: 14 April 2020

Tue Apr 14 09:27:19 CAT 2020

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Bulls n Bears Investors Notebook Issue 480: 14 April 2020

 <mailto:info at bulls.co.zw> 

Bulls 'n Bears Investors Diary: Today's Events

Quotable Quote:

Relations are all about: Winning, Losing & Sharing.
Winning Trust, Losing ego

'Adopt measures to mitigate Covid-19 impact'   

African countries, Zimbabwe included, will need to consider adopting various
possible economic interventions to minimise the negative impact of Covid-19
and stimulate domestic growth post the global pandemic, the African Union
(AU) has said. Covid-19, believed to have first broke out in the Chinese
city of Wuhan before spreading globally, killing tens of thousands and
infecting hundreds of thousands others, has been declared a global health
emergency by the World Health Organisation (WHO).  <http://www.bulls.co.zw/>
Read more >

Blanket output declines

Blanket Mine's gold production in  the first quarter ended March 31, 2020
rose 19 percent to 14 233 ounces  from 11 948 ounces in the same period last
year, its parent company has  said. Caledonia Mining Corporation holds a 49
percent stake in Blanket Mine. In a trading update, chief executive officer
Steve Curtis attributed  the output increase to improved operational
efficiencies. Blanket Mine is poised to be commission its Central Shaft
Project by  year end after which production can begin to ramp up. Shaft
sinking at  Central Shaft was completed in July 2019 to the target depth of
1 204 meters.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

For more business & financial updates log onto <http://www.bulls.co.zw/>
www.bulls.co.zw

Safety nets critical for smallholder farmers   

Smallholder farmers and traders will bear the brunt of the coronavirus more
due to lack of safety nets to cushion them during such disasters, industry
experts have said. Following the outbreak of the pandemic, many economies
have been affected with businesses scaling down operations with a lockdown
implemented across countries. Small holder farmers have, however, been
argued to be at more risk due to the nature of their businesses -  small and
informal, despite their immense contribution to food security at both
household and national level.  <http://www.bulls.co.zw/> Read more >

Govt to increase renewable energy output   

Zimbabwe is targeting to have renewable energy (RE) output accounting for
16, 5 percent of the country's total electricity demand by 2025, rising to
26,5 percent by 2030. The figures are contained in the National Renewable
Energy Policy (2019). The country requires 1 800 megawatts (MW) at peak
periods of demand, but is currently able to generate way under 1 000MW due
to constrained production capacity at two of the country's largest power
plants. Addition of renewable energy sources to the power mix is expected to
contribute to improvement in power supplies in the medium-to-long term.
<http://www.bulls.co.zw/> Read more >

IMF foresees decline for 170 countries

The International Monetary Fund (IMF) Managing Director Kristalina Georgieva
said the multilateral lender now projects that over 170 countries will
experience negative per capita income growth this year. In her curtain
raiser speech ahead of the Spring Meetings next week, the IMF chief said in
a video that countries across the globe "are confronted with a crisis like
no other"  <http://www.bulls.co.zw/> Read more >

 <http://www.nedbank.co.zw/> 

Corporates not paying dues   

Concerns that the coronavirus lockdown has opened the door for large
corporates to avoid paying smaller suppliers for their services has prompted
the Cape Chamber of Commerce and Industry to launch a survey among its
members probing allegations of non-payment. The Chamber says it is
conducting the survey following a spike in complaints of non-payment from
small and medium enterprises (SMEs), who say that they are struggling to
make ends meet as a result of not being paid by their corporate clients.
They fear that a lack of cash flow could spark a wave of closures and job
losses, exacerbating the impact of the coronavirus where they are already
hard hit.  <http://www.bulls.co.zw/> Read more >

Headache for Zim, SA parlours   

FUNERAL parlours in South Africa are engaging authorities to facilitate the
repatriation of deceased Zimbabweans through Beitbridge Border Post for
burial home. The parlours are concerned with the manner in which the process
is being handled with rules and regulations changing frequently on either
sides of the border. Under normal circumstances, at least 60 bodies are
brought into the country through Beitbridge Border Post weekly. As a result
of the state of affairs, six bodies were returned to Johannesburg last
Wednesday after the parlours reportedly failed to meet some of the
regulations being rolled out under lockdown guidelines in both Zimbabwe and
South Africa.  <http://www.bulls.co.zw/> Read more >

 <mailto:info at bulls.co.zw> 

Africa University gets $350k grant for sanitisers   

Africa University has received a $350 000 grant to scale up production of
hand sanitisers and personal protective equipment to help in the fight
against Covid-19. The university is targeting the production of 1 000 units
of hand sanitisers per week, which will be distributed in retail shops as
well as in hospitals and other institutions. Africa University public
affairs director, Mr Stephen Chikozho said the grant had come from Old
Mutual. "The grant from Old Mutual is meant to capacitate us to up-scale
production of hand sanitisers.  <http://www.bulls.co.zw/> Read more >

Millers, police distribute roller meal   

RETAIL shops in major cities and towns countrywide will receive subsidised
roller meal with effect from tomorrow to avoid queues as well as promoting
social distancing. Grain Millers Association of Zimbabwe (GMAZ) chairman Mr
Tafadzwa Musarara confirmed the development, saying they had agreed with the
police to deliver maize-meal through a zoning system. "This arrangement will
provide for more shops to receive and sell maize meal so that consumers buy
the product in their respective areas of residence," said Mr Musarara.
<http://www.bulls.co.zw/> Read more >

Farmers warned against counterfeit hessian packs   

tobacco wrapping paper supplier, Propak, has warned farmers against buying
hessian wrapping packs from unauthorised dealers to protect their tobacco
quality. This comes after counterfeit wrapping packs suspected to have been
smuggled from Zambia flooded the market with farmers unknowingly purchasing
them for use. Speaking to The Herald recently, Propak's account
administrator, Felistus Hove, urged farmers to comply with Tobacco Industry
and Marketing Board (TIMB) requirements so that their crop is not rejected
at the floors. "The hessian (tobacco wrapping paper) that has since flooded
the market from countries like Zambia is not recommended by TIMB," she said.
<http://www.bulls.co.zw/> Read more >

Zimplats donates to hospitals   

Zimplats has donated disinfectants, medical and personal protective
equipment to health institutions in Mashonaland West Province to capacitate
them and enhance their preparedness against  Covid-19. The firm has so far
handed over ventilators, disinfectants, screening tents, knapsack sprayers,
infrared thermometers and face masks to Kadoma General Hospital, Chegutu
District Hospital, Selous Clinic and Norton Hospital. Speaking to The Herald
on the sidelines of the Norton handover ceremony, Zimplats head of corporate
affairs Ms Busi Chindove said Zimplats prioritised the safety and wellness
of its staff and the communities it operates from.
<http://www.bulls.co.zw/> Read more >

Substandard sanitisers, PPE flood market   

CONSUMERS should be wary of substandard hand sanitisers and personal
protective equipment (PPE) products that are flooding the market following
the outbreak of Covid-19, industry experts have said. Declared a pandemic by
the World Health Organisation (WHO) last month, the highly contagious
disease has become a global emergency, given its devastating effect on the
entire world population and global economies. Zimbabwe has recorded 14 cases
of Covid-19 and three deaths.   <http://www.bulls.co.zw/> Read more >

Ingwebu gets essential service status, resumes operations   

INGWEBU Breweries has been granted essential service status and will operate
with skeletal staff during the lockdown period to ensure workers are not
exposed to the deadly Covid-19, the company's managing director has said.
President Mnangagwa declared the 21-day national lockdown over a fortnight
ago. He ordered businesses that provide non-essential services to close but
said those providing essentials remain open. Since the start of the lockdown
Ingwebu Breweries has been closed. The company manufactures opaque beer and
maheu. In a telephone interview yesterday, Ingwebu managing director Mr
Dumisani Mhlanga said they resumed operations on Sunday.
<http://www.bulls.co.zw/> Read more >

'Report unscrupulous businesses'   

GOVERNMENT has urged members of the public to report unscrupulous businesses
and individuals who are diverting subsidised mealie-meal to the black
market. This comes amid a surge in cases of subsidised roller meal being
diverted to the black market in cities such as Gweru and Bulawayo. Industry
and Commerce Minister Sekai Nzenza said Government was worried about the
non-availability of the subsidised roller meal on the official market. She
urged residents to alert law enforcement agents whenever they witness
corruption unfolding in their areas.  <http://www.bulls.co.zw/> Read more >

INVESTORS DIARY 2020

Company

Event

Venue

Date & Time

REST OF AFRICA

Counters Trading Under Cautionary

 Bindura Nickel Corp

CBZH

Dawn

Delta

Falgold

Fidelity

MedTech

Meikles

Turnall

Unifreight

Post your event (AGM, EGM, Analysts Briefing, etc) on the Investor Diary
free of charge and reach out to the market. We have annual gold prices since
1900, monthly since January 1971 and daily prices since January 2000. We
also provide historical ZSE prices on request.

DISCLAIMER: This report has been prepared by Bulls 'n Bears, a division of
Faith Capital (Pvt) Ltd for general information purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy or
subscribe for any securities. The information contained in this report has
been compiled from sources believed to be reliable, but no representation or
warranty is made or guarantee given as to its accuracy or completeness. All
opinions expressed and recommendations made are subject to change without
notice. Securities or financial instruments mentioned herein may not be
suitable for all investors. Securities of emerging and mid-size growth
companies typically involve a higher degree of risk and more volatility than
the securities of more established companies. Neither Faith Capital nor any
other member of Bulls 'n Bears nor any other person, accepts any liability
whatsoever for any loss howsoever arising from any use of this report or its
contents or otherwise arising in connection therewith. Recipients of this
report shall be solely responsible for making their own independent
investigation into the business, financial condition and future prospects of
any companies referred to in this report. Other  Indices quoted herein are
for guideline purposes only and sourced from third parties.

Invest Wisely!

Bulls n Bears 

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